Boiling Hot with Boyce Watkins is a hot show featuring Dr. Boyce Watkins, a Finance Professor at Syracuse University. Dr. Watkins is the author of "What if George Bush were a Black Man?" and "Everything you ever wanted to know about college". He also makes regular appearances on CNN, BET, ESPN, CBS and other national networks.

Saturday, January 1, 2011

Top NCAA Conferences Earned Over a Billion in Profit

The 68 teams that played in the top six NCAA conferences earned over $1 billion in profits this year, according to a CNNMoney analysis of the nation's largest conferences. This profit is 11% higher than the profit from last year. The most profitable team in the country was the University of Texas, which posted a profit of over $68 million. If the players on the team and their families were compensated for the athletes' work on the field, the average player would earn nearly half a million dollars per year. Their coach, Mack Brown, earns over $5 million per year at a time when the rest of the university is facing significant budget cuts.

The profit margin for the leading six conferences is an astonishing 49%, more than nearly any professional sports franchise in the world. Much of this is due to the fact that the NCAA doesn't compensate it's players, which would be a labor rights violation in nearly any other industry.